All Forum Posts by: Brad Clarizio

Thanks again for everything. Corey- I am definitely going to give that a shot. I work in HR as my daily job so I definitely know the importance of networking. One of my best friends is an agent so I'll see if I can get him to tag along, too! 

I am going to call other banks. Listen to the most successful people in the world- don't stop trying! I am sure I will find someone. 

Hey Jason,

I have used Pro Market Title in Grove City and they are nothing short of incredible. I am an investor and they literally saved a deal for me by going to the person's house to close without me even there. 

Give Alex or Daniela a call at (614) 991-0827 and tell them Brad Clarizio sent you. I promise they will impress. 

Thanks everyone...I have searched for portfolio loans around here to no avail, but truthfully, I haven't tried too many. I got pretty far with WesBanco but was ultimately declined.

I am in the process of pulling out 38k in equity on my primary residence to pay off my student loans. I'll eliminate $480 in payments per month for 8 years (8% interest) for a 4% loan at 10 years for $260...a net of $220 off my debt-to-income. Additionally, I am in the process of paying off my credit card debt. Does anyone know how long rent has to on taxes to be considered? After this year I'll have my second mortgage (previous primary residence, current rental) showing on taxes all year, so I'm hoping that $1040 payment is going to come off my debt-to-income. 

Sorry guys, what is an REIA (I assume a RE investment agency?) and BP (business portfolio)? I guess I should start calling...

Man, I feel like I have so many ideas and goals and the financing is getting me. Luckily I know I am certainly not the only one who has run into this. 

Hey everyone,

I wanted to introduce myself since I plan to spend a lot of time here.

My name is Brad and I live and invest in Columbus, OH. I purchased my first flip house (condo) at the age of 20 and built from there, eventually cashing out when I hit my main goal. With that cash out, I bought and paid cash for 3 properties and bought a new house for myself, while retaining my previous house.

Currently, I own my personal home and 4 additional rental properties. However, I am running into an issue. Since I paid cash for the 3 properties and have a mortgage on the other (previous personal home) AND a mortgage on my primary residence, I've reached an unloanable status due to my debt to income (currently at 58%). 

I do work a full time job in Human Resources at one of the largest retailers in the world (think specialty retail bra's and underwear, ha!) that provides my primary income with the rentals supplementing, but until they hit taxes for 2 years (I bought them all in November of 2013) then my debt to income remains high.

Any recommendations? I am 24 now and these 2 mortgages are really hurting me, even though I only pay 1. I don't want to hit a stall on acquiring property, but until these rentals show up on taxes consistently, my lender is saying I pay out $3700 a month and only make a couple thousand more a month- AKA, non loanable.

Suggestions?! I'm sorry if I lost anyone, it is hard to sum up. I really appreciate any input.